Stocks to Watch Today – December 23: Ambuja Cements, Cipla, Canara Bank, Groww, LIC Housing Finance & More
Indian equity markets may witness selective action at the opening bell on Tuesday as several companies across cement, banking, pharmaceuticals, renewables, fintech, and agri-inputs announced key developments ahead of market hours.
From a major consolidation move in the cement sector led by Ambuja Cements, a new diabetes treatment launch by Cipla, interest rate cuts by LIC Housing Finance, and fresh order wins in renewable energy and railways, these updates could keep investors and traders actively engaged.
Stocks in Focus Today
LIC Housing Finance
LIC Housing Finance is likely to be in focus after announcing a reduction in interest rates on new home loans to 7.15%. The revised rate will apply to fresh loan sanctions starting December 22, 2025, potentially boosting housing loan demand.
Ambuja Cements, ACC & Orient Cement
Shares of Ambuja Cements may attract attention after the company approved the amalgamation of ACC Ltd and Orient Cement into Ambuja Cements. The move aims to create a pan-India cement powerhouse while improving operational efficiencies and cost synergies.
Saatvik Green Energy
Saatvik Green Energy could see buying interest after its subsidiary, Saatvik Solar Industries, secured a ₹486 crore order from an independent power producer for supplying solar PV modules. The order is scheduled for execution by December 2026.
Cipla
Pharmaceutical major Cipla will be watched closely after launching orally inhaled insulin powder for diabetes patients in India under the brand Afrezza. The needle-free therapy offers an alternative to injectable insulin and follows CDSCO approval for exclusive distribution.
Canara Bank
Canara Bank shares may react after the Financial Services Institutions Bureau (FSIB) recommended Brajesh Kumar Singh as the bank’s new Managing Director and CEO. He will replace K Satyanarayana Raju, who is set to retire later this month.
Coromandel International
Coromandel International announced the launch of ‘Fertinex’, a water-soluble fertiliser designed for fertigation. The product uses proprietary Smart Signalling Technology to enhance nutrient absorption, soil health, and crop productivity.
Groww
Fintech platform Groww introduced ‘Groww Lite’, a web-based backup trading portal. The service allows users to exit or manage open positions during app or website outages, improving reliability during technical disruptions.
Concord Control Systems
Concord Control Systems is expected to remain on investors’ radar after winning a ₹139.32 crore order from Indian Railways for locomotive wireless control systems, covering supply, installation, and commissioning of safety-critical technology.
Akums Drugs and Pharmaceuticals
Akums Pharma may see price action after private equity firm Quadria Capital exited the company by selling its entire 4.62% stake for approximately ₹311 crore through open market transactions on the NSE
(Disclaimer: The content above is provided solely for informational purposes and should not be treated as investment advice. SmartInvestment advises readers to consult a qualified financial advisor before making any investment or money-related decisions.).